Circle Park is a 36 lot manufactured home park on 3.61 acres in Kent County, MD. Located in the quaint town of Rock Hall, the property is just one mile from the waterfront with access to boating, fishing, and crabbing.
Circle Park is currently occupied with 15 trailers, 11 of which are owned by residents, and the remaining 4 are being rented to own. The park offers enormous occupancy upside through renting out the 21 vacant lots, either by a new owner purchasing and installing trailers to rent out or bringing in residents who have purchased a mobile home. Maintenance costs are minimal as each resident is responsible for their own maintenance and groundskeeping.
Major capital improvements that have been completed include all-new water & sewer infrastructure, the installation of separate water meters at each pad site, twin sewer pumps, extensive electrical work, and landscaping. Residents are responsible for their own electricity and the owner pays for water/sewer. The opportunity exists for a new owner to implement a water reimbursement program which would generate additional annual income.